Pennsylvania and New Jersey Attorneys for Stock Options and ESOPs
An employee stock option (ESO) or employee stock ownership plan (ESOP) is a popular benefit for employees in publicly traded companies. In such a plan, employees receive ownership of their employer at a fixed cost or as a retirement plan. The plans are often part of an employment contract or a severance agreement, and may be negotiated to ensure the employer gets the best possible deal.
Additionally, issues surrounding an ESO or ESOP can arise if a worker’s employer, or a portion of it, is sold. It is important that these employees exercise their rights under any such agreement.
Philadelphia Stock Option / ESOP Lawyer
An experienced attorney can be of significant help if you are facing any issues pertaining to an employee stock option or an employee stock ownership plan. At Console Mattiacci Law, LLC, our experienced Philadelphia stock option and ESOP lawyers assist employees whether their case involves issues pertaining to ESOs and ESOPs that arise when negotiating an employment agreement or a severance package.
Our attorneys have experience with negotiating stock options and ownership plans, and have been recognized by our peers for our diligence in representing workers. Call us today at 215-545-7676 to set a consultation.
We represent clients in Pennsylvania with an office in Philadelphia, including, but not limited to, Philadelphia, Delaware County, Bucks County, Montgomery County, Chester County and Lancaster County. We also have an office in Moorestown and represent clients throughout New Jersey, including, but not limited to, Gloucester, Ocean, Burlington, Cape May and Camden Counties. We also represent clients throughout New York.
What is an Employee Stock Option or Ownership Plan?
An employee stock option or employee stock ownership plan may be available as a benefit to employees of publicly traded companies. Either works to give employees an extra incentive, since they become invested in their employers not only through their careers, but also through their stock portfolio.
An employee stock option is a part of an employee’s compensation package. An employee with an ESO has the option of purchasing stocks at a price fixed at when the option is offered. After stock prices rise, he or she may exercise their option, obtain the stocks at the fixed price and sell them at market value.
An employee stock ownership plan is a defined contribution plan into which the employer contributes stock. The stocks vest with the employee over his or her tenure. Upon the employee’s retirement, death or termination, the stocks distribute to the employee or a designated person.
Issues with ESOs and ESOPs
An employee stock option or stock ownership plan may be a part of an employment contract as a benefit. An attorney can carefully review the terms of the plan and help you have a full understanding of what it will mean for you. If you would prefer better terms, your lawyer can negotiate those terms with your potential employer.
Issues with ESOs and ESOPs often crop up when an employee has been laid off or terminated, including when they are part of a severance agreement. It is critical that employees ensure their rights are protected when discharged.
Additionally, if an employer is sold or merges with another company, the act triggers certain rights by the employee stockholder.
Console Mattiacci Law, LLC ǀ Philadelphia Attorney for Your Stock Option or Ownership Plain Issues
Whether negotiating for the best possible terms of an employee stock option or employee stock ownership plan or seeking to exercise and protect your rights during a termination or merger, a skilled attorney can make a significant difference in the outcome. At Console Mattiacci Law, LLC, we are experienced at representing employees in negotiations and in resolving issues with ESOs and ESOPs. Some claims have strict deadlines, so it is important to act quickly. Call us today at Console Mattiacci Law, LLC to schedule a consultation.